Multiple choice

Which of the following is an example of Ad Valorem Tax?

  1. Income Tax

  2. Expenditure Tax

  3. Import Duty

  4. None of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

It is an example of Ad Valorem Tax. The import duty is an example of Ad Valorem Tax as the import duty is imposed according to the value of commodity. The tax imposed according to the value of something is Ad Valorem Tax.

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